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By Dave Rogers2023-02-08T07:00:00
Set up a decade ago, the poster firm for start-up QSs in London decides reputation alone cannot make up for lack of heft
Of all the things that were not supposed to happen when CBRE took a majority stake in Turner & Townsend a little over 18 months ago, T&T buying Alinea would be somewhere near the top of the list.
Back in the summer of 2021, when the US real estate giant paid nearly £1bn for a 60% controlling stake in the then 75-year-old UK consultant, the talk was that this would be another of those moments when new start-ups would emerge like they did when Aecom bought Davis Langdon or when Arcadis picked up EC Harris. New start-ups, like, well, Alinea.
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